WFI Joins With Google Inc. in Bid to Provide Wi-Fi Services to the City of San Francisco
SAN DIEGO, Oct 05, 2005 /PRNewswire-FirstCall via COMTEX/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII), a global leader in the design, deployment, and management of wireless communication networks, technology networks and security systems, announced today that it has joined with Google Inc. in a bid to provide Wi-Fi services to the City of San Francisco. The proposal, submitted by Google, is one of several received by the City of San Francisco on Friday. If Google's proposal is selected, WFI will provide Google with network engineering and installation services for the citywide network. Further terms of the proposal were not disclosed.
"As noted in the proposal, WFI is partnering with Google in an attempt to offer Wi-Fi throughout the City of San Francisco," said Eric DeMarco, President and CEO of WFI. "We are very pleased that Google has selected WFI as its network deployment partner. With over a decade of experience designing, deploying and managing communication networks, WFI can provide a strong network infrastructure component to the Google bid. We are truly excited about the prospect of working with Google to provide this service to the San Francisco community."
The market for citywide municipal networks is growing rapidly. City and county municipalities are realizing the potential cost and operational benefits of a wireless network. In its September 2005 "State of the Market Report," Muniwireless.com projects market growth for municipal wireless networks to reach 128% year-over-year growth by 2007, representing approximately $405.6 million in spending.
"The growing municipal wireless market is a strategic focus for WFI. As a result of our experience designing and deploying both Wi-Fi and cellular and PCS networks, we believe we are very well positioned to aid local governments in the deployment of their wireless networks and we expect this market to play an increasingly important role in our business in the future," concluded DeMarco.
About WFI
Headquartered in San Diego, CA, WFI is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com. (code: WFI-mb)
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, expressed or implied statements concerning the Company's expectations regarding future financial performance and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: changes in the scope or timing of the Company's projects; slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company's services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company's effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K filed on March 31, 2005 and in other filings made with the Securities and Exchange Commission.
Media Contact: Investor Contact: Michael Baehr Rochelle Bold VP of Communications Senior VP of Corporate Wireless Facilities, Inc. Development & Investor Relations 858.228.2799 Direct Wireless Facilities, Inc. michael.baehr@wfinet.com 858.228.2649 Direct rochelle.bold@wfinet.com
SOURCE Wireless Facilities, Inc.
Media, Michael Baehr, VP of Communications, +1-858-228-2799, michael.baehr@wfinet.com, or Rochelle Bold, Senior VP of Corporate, Development & Investor Relations, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc.
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